- Elbit Systems Ltd ESLT U.K. subsidiary, Elbit Systems UK Ltd., sold the Power and Control Business of its subsidiary Ferranti Technologies Ltd to TT Electronics TTGPF for ~$12 million in cash.
- Elbit Systems plans to integrate the remaining business of Ferranti, including training and simulation, avionics, display systems, aircrew survival systems, platform protection, and computing, into Elbit Systems UK.
- The company noted the reorganization as part of its strategy to focus activities on specific areas to support expanding operations and collaborations in the U.K.
- Price Action: ESLT shares closed higher by 0.49% at $176.89, and TTGPF higher by 5.86% at $3.25 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
